Goldman Sachs



Goldman Sachs is a Wall Street investment bank. Founded in 1869, the bank has often been accused of bad advice to government clients. The bank charged Libya $350 million for derivatives trades in 2008 that caused the government to lose approximately $1.2 billion; advised Malaysian officials and their cronies who stole $4.5 billion from the 1Malaysia Development Berhad (1MDB) state fund to buy luxury assets and real estate; and charged Greece $300 million to engage in “blatant balance sheet cosmetics” to help the country join the European Monetary Union.


Asset management, Commercial banking, Commodities, Investment banking, Investment management, Mutual funds, Prime brokerage


Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
financial offenses$13,245,985,98737
competition-related offenses$3,095,838,0004
miscellaneous offenses$13,650,0002
employment-related offenses$9,995,0001

(May 20, 2021) 

Number of Records
Total Penalties
$16,365,468,987 (May 20, 2021)
Information in this section is drawn from the Violation Tracker database produced by the Corporate Research Project of Good Jobs First in Washington DC. It is the most comprehensive source of data on business violations of laws and regulations in the United States. For specific examples of misconduct, please click on the links.


Article Archive
Videos & Podcasts
Goldman junior bankers detail 'crushing' work load
Malaysia 1MDB investigation: Goldman Sachs to pay $3bn fine
Protestors camp outside Goldman Sachs HQ
Taxpayers Converge on Goldman Sachs DC Headquarters



Recent & Ongoing Campaigns
New York protesters camp out at Goldman Sachs to oppose Trump

Elizabeth Dilts | Reuters | January 17, 2017

Dozens of protesters gathered outside of Goldman Sachs Group Inc headquarters on Tuesday to rally against President-elect Donald Trump’s picking several former executives of the Wall Street bank for top jobs in his administration.

Major Investigations
& Lawsuits
Goldman Sachs Charged in Foreign Bribery Case and Agrees to Pay Over $2.9 Billion

United States Department of Justice | October 22, 2020

The Goldman Sachs Group Inc. (Goldman Sachs or the Company), a global financial institution headquartered in New York, New York, and Goldman Sachs (Malaysia) Sdn. Bhd. (GS Malaysia), its Malaysian subsidiary, have admitted to conspiring to violate the Foreign Corrupt ...

Understanding Goldman Sachs' role in Malaysia's 1MDB mega scandal

Rozanna Latiff | Reuters | October 22, 2020

Goldman Sachs Group Inc on Thursday reached a deal to settle a probe into the bank’s role in Malaysia’s 1MDB corruption scandal, which included total penalties of $2.9 billion.

Goldman Sachs, U.S. agency in mortgage settlement worth $1.2 billion

Nate Raymond, Jonathan Stempel | Reuters | August 22, 2014

Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S. regulator’s claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced Friday.

Goldman Sachs, Morgan Stanley will pay $557 million in mortgage case

Associated Press | Denver Post | January 16, 2013

Goldman Sachs and Morgan Stanley will pay a combined $557 million to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

Employment Practices
Goldman Sachs junior banker speaks out over '18-hour shifts and low pay'

Kalyeena Makortoff | The Guardian | March 24, 2021

The reputation of Goldman Sachs as the most desirable employer for aspiring investment bankers is at stake. Legendary for its pulling power with the best graduates, the bank is now facing a rebellion in its lower ranks.

Goldman Sachs employees protest event featuring Haley after Confederate flag remarks

Justine Coleman | The Hill | December 11, 2019

Goldman Sachs employees are protesting a Wednesday event featuring former Ambassador to the United Nations Nikki Haley after her remarks about the Confederate flag.


Corporate Headquarters
200 West St, New York, NY 10282
Most Recent Gross Revenue
$36.546 billion (2019) | source
Most Recent Net Revenue
$7.897 billion (2019) | source
Stock Exchange Tickers

Note: Most recent list is not always the most complete list.

Croctail Subsidiary Tool using the CorpWatch API - This API uses automated parsers to extract the subsidiary relationship information from Exhibit 21 of companies' 10-K filings with the SEC.

Major Shareholders

Click here for the latest list.

Political Influence Profile of Goldman Sachs

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Subsidy Tracker
Subsidy Tracker
Subsidy Tracker is a project of Good Jobs First in Washington DC. It is the most comprehensive source of data on state and federal subsidies in the United States. For more details, click on the links.
Click here for details of subsidies received by Goldman Sachs
Tax Havens
& Evasion
Goldman Sachs' new pay plan would help top bankers dodge taxes

Stephen Gandel | CBS News | October 7, 2020

Goldman Sachs is adopting a controversial compensation scheme that will help partners at the investment bank lower their annual tax bill by hundreds of thousands of dollars each. But embracing that tax loophole, called carried interest, also could deprive the U.S. government of millions of dollars in revenue.

HMRC wins £79m tax avoidance case against Goldman Sachs

Pedro Gonçalves | International Investment | October 25, 2018

HMRC has won a £79m case against Goldman Sachs and agriculture giant Cargill after the American companies attempted to avoid paying taxes in the UK

Goldman Sachs and Cargill fined €89m in UK tax avoidance case

Sophie Perryer | European CEO | October 24, 2018

The US giants have been charged in one of the largest corporate tax victories for the UK's HM Revenue and Customs

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